SEBI tightens disclosure norms on loan defaults for listed companies
The Securities Exchange Board of India has issued an circular to listed entities to disclose any delay or default in payment of interest/principal on debt securities such as Non-Convertible Debt(NCDs), Non-Convertible Redeemable Preference Shares(NCRPS)etc on their part to the stock exchange as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RBI issues Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019
The Reserve Bank of India has issued The Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019 vide Notification dated 13 November 2019. The RBI has relaxed the procedural constraints for operating an Special Non Resident Rupee Account (SNRR Account).
Ease of Doing Business Reforms by Andhra Pradesh Pollution Control Board
The Andhra Pradesh Pollution control board has initiated the business reforms Action plan 2019 under the ease of doing business and in furtherance of E-Governance. The initial steps are published in Andhra Pradesh Pollution Control Board official website as Flash Notification.
TNERC Issues Draft amendments to the Tamil Nadu Electricity Distribution Code to facilitate consumers to obtain supply under the “Ease of doing business”
The Tamil Nadu Electricity Regulatory Commission has issued draft amendments to the Tamil Nadu Electricity Distribution Code, to improve the High Tension (HT) or Low Tension (LT) line ratio, facilitate consumers to obtain supply under the ‘Ease of doing business’ programme of the Department of Industrial Policy and Promotion (DIPP), and provide choice of supply to other consumers.
The interest rates for the credit to the General Provident Fund account is fixed as 7.9% for the quarter
The Department of economic affairs vide notification dated 21st October 2019 has revised the interest rates for the credit of subscribers to account of General provident fund and other similar funds. The interest rate is fixed as 7.9% for the quarter from October 1st to December 31st, 2019.
